Billionaire David Shaw’s Quant Models Love These 5 Stocks

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135
D.E Shaw’s Stake Value: $1.72 Billion
Percent of Portfolio: 1.76%

Apple Inc. (NASDAQ:AAPL) remains one of billionaire David Shaw’s top quant stock picks owing to its reputation in the design, manufacture, and sale of smartphones, personal computers, tablets, wearable’s and other accessories. The company is also big on services through the App Store cloud services.

With a market capitalization of over $2 trillion, Apple Inc. (NASDAQ:AAPL) boasts of a loyal and growing customer base with over $2 billion in active devices and more than $100 billion in free cash flow.

Apple Inc. (NASDAQ:AAPL) returns value to shareholders through buybacks and boasts a 0.56% dividend yield. Likewise, it has outperformed the overall market by a 38% year-to-date gain compared to a 15% gain from the S&P 500.

Apple Inc. (NASDAQ:AAPL) had Warren Buffett’s Berkshire Hathaway as its top stakeholder in Q2 2023. The company, a global leader in consumer electronics and software, also had 135 hedge funds in Insider Monkey’s database that held investments in it. The total value of these stakes was over $194 billion.

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